135 2nd Ave SESpring GroveMN55974
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spring Grove at 135 2nd Ave SE, Spring Grove, MN, 55974 offers a 9.91% rental yield on a $169,999 purchase with $1,404/mo rent. Total monthly income registers $1,404/mo, and a $832/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,110/yr on $56,355 to close, and return on cash invested stands at 27.2% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 142.07% and total cumulative return in cash at $80,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1896
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55974, Spring Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,037 (100%) |
| Owner Occupied HU | 741 (71.5%) |
| Renter Occupied HU | 154 (14.9%) |
| Vacant Housing Units | 142 (13.7%) |
| Median Home Value | $291,554 |
| Average Home Value | $405,729 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
766
Multi-Family
64
Businesses
64
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Listed by: Moe Mossa • Savvy Avenue, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719320
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